This Retail Property is Off-Market.

13238 Northwest Freeway
Houston, TX 77040 ·

179,469 SF · Retail For Sale

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Northwest Crossing Centre

Price N/A No. Stories 1
Gross Leasable Area 179,469 SF Tenancy Multiple
Property Type Retail Year Built 1993
Property Sub-type Neighborhood Center Lot Size 20.26 AC
Property Use Type Investment Parking Ratio 6.60 / 1,000 SF
Listing ID: 18091057 Date Created: 03/26/2013 Last Updated: 11/13/2013

Description

Jones Lang LaSalle, as exclusive representative, is pleased to offer for sale the 100% fee simple interest in Northwest Crossing Centre, a 179,469-square foot shopping center located at the northeast corner of US 290 and Hollister Road in Houston, Harris County, Texas. Northwest Crossing Centre enjoys a high-density residential and business consumer base that insures constant and uniform traffic at the center. Situated at three major thoroughfares, Northwest Crossing offers superior visibility and exposure to over 250,000 vehicles daily. A complimentary mix of national brand retailers that includes Target, Best Buy, Big Lots! and Marshalls makes up 91% of the tenant roster. The center is characterized by an attractive national tenant lineup with strong and reliable sales performance histories, compelling health ratios and high tenant retention.

Located midway between Loop 610 and Beltway 8, the center is 12 miles from the Houston Central Business District and 9 miles from the Galleria. The intersection is the near northwest retail, restaurant and entertainment hub. The convergence of Highway 290 and secondary commercial and residential corridors of Hollister and Tidwell at Northwest Crossing Centre offers several avenues of ingress and egress for residential and commercial traffic. Dense residential populations and a concentrated daytime business population fuel retail, restaurant and hotel demand at this highly accessible location.

Highlights

  • Shadow anchored by updated and expanded (2006) Target with grocery section
  • 100% leased with 91% of the center' s total square footage leased to strong national credit tenants
  • Disposition of net leased pad sites offers additional upside
  • Excellent layout and presentation to the intersection with multiple points of ingress and egress via Hwy. 290 feeder, Hollister and W. Tidwell
  • Dominant retail, restaurant and entertainment destination for the Near Northwest Quadrant
  • The Near Northwest Quadrant historically has experienced high retail occupancy in an area serving a very dense residential base

Research

13238 Northwest Freeway, Houston, TX 77040 (Harris County)

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